Need guidance for Selling Import Goods

RESPECTED SIR,

 

THIS IS SENTHIL JOINTED MNC COMPANY RECENTLY.  WE WILL IMPORT FLAVOUR AND FRAGRANCE DIRECTLY FROM OUR PARENT COMPANY AND SELL  HERE.

I NEED PROPER GUIDANCE FOR DOING THIS ACTIVITY. 

WE HAVE NOT STARTED OUR OPERATION YET. WE ARE IN INITIAL STAGE. KINDLY HELP ME TO KNOW BETTER ABOUT EXCISE PROCEDURE AND SALES TAX AFTER IMPORTING MATERIAL.

 

REGARDS

 

SENTHIL

 

 

 

Replies (3)

if u intend to repack from bulk to retail pack then u will need manufacturing registration otherwise dealers registration.

 

for sales in state of establishment u need VAT registration and for interstate u need CST registration.

Dear Mr.Sharma,

Thanks for your reply. Could u help me for following also ?

1. Where to get ( from which govt. department) Manufacturing License and Distribution License ? as we have planned to both the activities  i.e. we will sale the same imported articles and also in repack .

2. We are based in Ahmedabad,Gujarat . I understand the VAT will be 4% + 1%  and CST will be 2% against C Form.

3. Could u guide me for Excise for this item.?

4. We will import the items after paying duty ( BCD + CVD+Edu.Cess & Hig.Sec Edu Cess On CVD +Edu.Cess & Hig.Sec Edu Cess On BCD+ Special Additional duty)

5. How we will have to raise the invoice ? whether Tax Invoice Or Commercial Invoice.

 

Could throw some light on the above points. Kindly help me.

 

Regards

Senthil

 

 

Originally posted by : SENTHIL MUDALIAR


Dear Mr.Sharma,

Thanks for your reply. Could u help me for following also ?

1. Where to get ( from which govt. department) Manufacturing License and Distribution License ? as we have planned to both the activities  i.e. we will sale the same imported articles and also in repack .

- visit the Central excise office of your city to get the dealer/ manufacturer registration.

- wise to import the separate consignment for trading and manufacture from source, 

 



2. We are based in Ahmedabad,Gujarat . I understand the VAT will be 4% + 1%  and CST will be 2% against C Form.

- visit your local vat office to get registration and tariff, 

 


3. Could u guide me for Excise for this item.?

- 10 % Basic +2% Edu cess + 1% S * HS E C = total 10.3%

- you are entitled to get credit of CVD+ Edu Cess + S&HSEC against above excise liability, provided the import is made against manufacturing excise code.

4. We will import the items after paying duty ( BCD + CVD+Edu.Cess & Hig.Sec Edu Cess On CVD +Edu.Cess & Hig.Sec Edu Cess On BCD+ Special Additional duty)

5. How we will have to raise the invoice ? whether Tax Invoice Or Commercial Invoice.
- you need to follow the follwing

1) Excise invoice for manfuactured goods

2) excise dealer invoice for tradeded goods 
 

3) Tax invoice for above 1/2 for vat purpose, 

4) no need to issue seperate commercial invoice as 3) will solve the purpose of it. 

Could throw some light on the above points. Kindly help me.

 

Regards

Senthil

 

 

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